Definition of Phantom Stock Award


Phantom Stock Award means an Award granted under Section 11, entitling a Participant to a payment in cash, shares of Common Stock or a combination of cash and Common Stock (as determined by the Administrator), following the completion of the applicable vesting period and compliance with the terms of the Plan and other terms and conditions established by the Administrator. The unit value of a Phantom Stock Award shall be based on the Fair Market Value of a share of Common Stock.


Phantom Stock Award means a cash award whose value is determined based on the change in the value of the Company Common Stock from the Effective Date.

Phantom Stock Award means an Award granted under Section 10 of the Plan.

Examples of Phantom Stock Award in a sentence

Cash dividend equivalents may be paid during or after the vesting period with respect to a Phantom Stock Award, as determined by the Committee.
The terms and provisions of the respective Phantom Stock Award Agreements need not be identical.
Payment of a Phantom Stock Award may be made in cash, Common Stock, or a combination thereof as determined by the Committee.
The Committee may, in its discretion, require payment or other conditions of the Participant respecting any Phantom Stock Award.
The Committee shall establish, with respect to and at the time of each Phantom Stock Award, a period over which or the event upon which the Award shall vest with respect to the Holder.



More definitions of Phantom Stock Award

Phantom Stock Award means an Award granted under Paragraph X of the Plan.


Phantom Stock Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(b).

Phantom Stock Award means an Award granted under Paragraph XI of the Plan.

Phantom Stock Award means the right to receive in cash the Fair Market Value of a share of Common Stock under Article IX of the Plan.

Phantom Stock Award means an Award granted pursuant to Section 9, representing the unfunded and unsecured right to receive cash in an amount equal to the Fair Market Value of Shares.

Phantom Stock Award means a right to receive shares of Common Stock (or the Fair Market Value thereof) granted pursuant to Section 7(c) of the Plan.

Phantom Stock Award means an Award of Phantom Stock, granted pursuant to ARTICLE V.